Premier Brokers International
398 NE 5th Street 2418, Miami, FL 33132
Price reducedMLS listing sourceMIAMI REALTORS® MLS
Price reducedMLS® A11972846
$1,350,000

↓ Price reduced $250,000 on Oct 28, 2026

398 NE 5th Street 2418, Miami, FL 33132

Beds
3
Baths
3
Sqft
1,135
Est. payment$10,836/mo
Home type
Stock Cooperative
Year built
2022
Lot size
—
Price / sqft
$1,189
HOA
$1,307/mo
Community
MAP OF MIAMI DADE CO. FL.

Property description

Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional opportunity to own a fully furnished 3-bedroom, 3-bath residence at The Elser Hotel & Residences in Downtown Miami, one of the city’s most sought-after short-term rental approved buildings. Ideal for buyers seeking a Miami investment property or luxury second home with income potential.This beautifully designed residence features an open-concept layout, floor-to-ceiling windows, and a private balcony with views of Biscayne Bay and the Miami skyline. Contemporary finishes include a modern kitchen with stainless steel appliances, custom cabinetry, and elegant bathrooms with frameless glass showers.Delivered fully furnished and turnkey, the residence is ready for immediate personal use or rental income. The spacious 3-bedroom layout is especially attractive for short-term rentals and group travel, maximizing occupancy and rental potential.Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, sauna, concierge services, and lounge areas.Located steps from Bayfront Park, the waterfront, dining, entertainment, and major attractions, this property benefits from strong year-round tourism demand.With daily rentals permitted according to condominium regulations, owners can maximize income. Miami will host seven FIFA World Cup matches in 2026, driving some of the highest short-term rental demand in the city.

Listing activity

Days on market
236
Listed
Mar 6, 2026
MLS listing updated
Oct 28, 2026
Feed last checked
14 minutes ago

Listed by Ana Maria Osorio De Vega · EXP Realty LLC

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
3
Bathrooms
3
Bathrooms (decimal)
3
Full bathrooms
3
Half bathrooms
0

Rooms & features

Rooms
0
Interior features
Closet Cabinetry, Elevator
Flooring
Tile
Appliances
Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Window features
Skylight(s)

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0

Exterior

Stories
49
Building area
1,135 sqft
Exterior features
Balcony, Lighting, Other
View
Ocean, Other
Waterfront property
No
Construction

Type & style

Home type
Stock Cooperative
Architectural style
Other
Year built
2022
New construction
No

Materials

Construction
Block, Brick Veneer
Property condition
Resale
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
MAP OF MIAMI DADE CO. FL.
MLS area
2420
Security
Smoke Detector(s), None
Pets allowed
No
55+ community
No

Association

Has association
Yes
Association fee
$1,307 monthly
Estimated monthly dues
$1,307
Amenities
Maintenance, Pool, Bar, Elevator(s), Fitness Center, Parking, Private Beach Pavilion, Sauna, Spa/Hot Tub
Services included
Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33132
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11972846
Possession
Close Of Escrow
Original list price
$1,600,000
Parcel number
0141370785890
Annual property tax
$22,186
Tax year
2025
Tax legal description
398 NE 5TH STREET CONDO UNIT 2418 UNDIV 0.2874% INT IN COMMON ELEMENTS OFF REC 33416-1520
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Bar, Elevator(s), Fitness Center, Parking, Private Beach Pavilion, Sauna, Spa/Hot Tub
Association Fee Frequency
Monthly
Association Fee Includes
Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
3
Bathrooms Total Integer
3
Building Area Total
1135
Construction Materials
Block, Brick Veneer
County Or Parish
Miami-Dade
Days On Market
236
Elementary School
Frederick Douglass
High School
Booker T. Washington
List Price
1350000
Listing Contract Date
2026-03-06
Living Area
1135
MLSArea Major
2420
Middle Or Junior School
Jose De Diego
Mls Status
Active
On Market Date
2026-03-06
Photos Count
34
Postal Code
33132
Price Change Timestamp
2026-10-28T17:31:20Z
Property Sub Type
Stock Cooperative
Property Type
Residential
Rooms Total
0
Security Features
Smoke Detector(s), None
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-03-06T05:00:00Z
Stories Total
49
Subdivision Name
MAP OF MIAMI DADE CO. FL.
Tax Annual Amount
22186
Bathrooms Full
3
Bedrooms Total
3
Waterfront
No
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
1307

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Mar 6, 2026ListedMIAMI REALTORS® MLS$1,600,000$1,410/sqft
Oct 28, 2026Price reducedMIAMI REALTORS® MLS$1,350,000$1,189/sqft

Public tax history

YearProperty taxesAssessment
2025$22,186—

Payment calculator

Estimated monthly payment$10,836/moIllustrative estimate, not a loan offer.
Principal & interest
$7,005
Property taxes
$1,849
Insurance
$675
Association dues
$1,307

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

MAP OF MIAMI DADE CO. FL.

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary
—
Jose De DiegoMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

5 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of EXP Realty LLC. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.